Form 4: Viasat SVP General Counsel Reports Routine Equity Compensation Transactions

Viasat's Senior Vice President and General Counsel, Robert James Blair, reported the vesting of restricted stock units and the subsequent disposition of shares for tax withholding purposes.

Summary

• Robert James Blair, Senior Vice President and General Counsel of Viasat Inc. (VSAT), reported transactions involving the company's common stock.
• On July 7, 2025, 8,334 shares of common stock were acquired at a price of $0, resulting from the vesting of restricted stock units.
• Concurrently, 2,982 shares were disposed of at a price of $15.93 to satisfy tax withholding obligations related to the vested shares.
• Following these transactions, Robert James Blair directly holds 68,658 shares of common stock and indirectly holds 4,045 shares through a 401(k) plan.
• An original restricted stock unit grant of 25,000 units was made on June 7, 2024, with a vesting schedule of one-third on the 13th, 24th, and 36th month anniversaries of the grant date.
• After the reported vesting, 16,666 restricted stock units remain unvested.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions related to compensation, specifically the vesting of restricted stock units and subsequent tax withholding. This is a neutral event, but the vesting of equity compensation can be seen as a positive alignment of interests. The disposition is for tax purposes, not a sale for profit, which is also neutral to slightly positive as it indicates the executive is holding the majority of vested shares.

Positives

• The vesting of restricted stock units indicates the fulfillment of compensation agreements, aligning executive interests with shareholder value.
• The acquisition of 8,334 shares at a $0 price reflects the conversion of previously granted equity compensation into common stock.

Negatives

• The disposition of 2,982 shares for tax withholding reduces the direct beneficial ownership of the reporting person, although this is a standard practice for tax obligations.

Industry Context

This filing is a routine disclosure of an insider's equity transactions, specifically related to compensation, and does not provide broader industry context or trends.

Related Party Transactions

• The vesting of restricted stock units and the subsequent withholding of shares for tax purposes represent transactions between the company (Issuer) and a key executive (Reporting Person), which are standard related-party compensation events.

Stakeholder Impact

• Shareholders: The vesting and retention of shares by a key executive can signal confidence in the company's future, aligning management's interests with shareholders. The disposition for tax withholding is a routine event and does not indicate a lack of confidence.
• Employees: The RSU vesting demonstrates the company's compensation structure for executives, which may reflect broader compensation practices.

Next Steps

• Future vesting of the remaining 16,666 restricted stock units according to the established schedule (one-third on the second anniversary and one-third on the third anniversary of the June 7, 2024 grant date).

Key Dates

Keywords

Viasat Inc., VSAT, Form 4, SEC filing, insider transaction, restricted stock units, RSU vesting, stock compensation, tax withholding, beneficial ownership, Robert James Blair, SVP General Counsel